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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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United States | Publication | January 2021
On December 23, 2020, Governor Tim Walz signed three emergency executive orders regarding the state’s COVID-19 response.
Emergency Executive Order 20-107 authorizes out-of-state pharmacists—who hold an active, relevant license, certificate or other permit in good standing issued by a state of the United States or the District of Columbia—to administer COVID-19 vaccines in Minnesota during the COVID-19 Peacetime Emergency.
Additionally, Emergency Executive Order 20-106 rescinds Executive Order 20-34, which directed the Minnesota Commissioner of Health to share limited health information—the addresses where a positive COVID-19 test result has been obtained and whether the individual tested is still contagious to others—with the Department of Public Safety. Executive Order 20-106 also rescinds Executive Order 15-15, which established the Governor’s Committee to advise the Minnesota Pollution Control Agency (MPCA). The Committee was tasked with providing input and recommendations prior to certain regulatory decisions made by the MPCA.
Finally, Emergency Executive Order 20-105 extends a 10 percent salary reduction for the Governor and his Chief of Staff through July 1, 2021.Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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On February 2, 2024, the Belgian Presidency of the Council of the European Union confirmed that the Committee of Permanent Representatives had signed the Artificial Intelligence (AI) Regulation, referred to as the AI Act. Approval by the EU Parliament followed on 13 March 2024, and the AI Act is likely to appear in the EU’s Official Journal around May 2024. The AI Act aims to establish a stringent legal framework governing the development, marketing, and utilisation of artificial intelligence within the region, thereby marking a significant advancement in the regulation of this burgeoning domain.
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The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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